Summary - 6 PARK STREET GRIMSBY DN32 7QU
1 bed 1 bath Not Specified
Income-producing terrace with parking and modern glazing, ready for active investors.
Projected gross yield around 11% at asking price
A compact, income-producing terrace converted into four one-bedroom flats offering a projected gross yield of about 11% at the current asking price. The property currently produces £15,480 pa from four let units, each with private kitchen and bathroom; unit rents range from £265 to £350 pcm with recent and longer-standing tenancies in place.
The building retains period character externally (Victorian bay frontage) and benefits from uPVC double glazing and off-street parking. Internally the flats are small and will suit tenants looking for affordable one-bedroom accommodation; room sizes are modest and overall floor area is limited (approx. 427 sq ft).
Important risk factors for buyers: the sale is by auction, the tenure has not been confirmed and the property has not been inspected. The wider location is described as very deprived with very high recorded crime levels, which may affect rental demand and insurance costs. Some elements look dated and renovation or ongoing maintenance may be required.
For investors seeking a hands-on purchase with immediate rental income, this presents clear short-term cashflow. Budget for refurbishment, verification of tenancies and legal/title checks before bidding, and consider management plans that address the local market and area risks.
Terraced house for sale in Park Street, Grimsby, Lincolnshire, DN32 — £125,000 • 1 bed • 1 bath • 736 ft²
4 bedroom apartment for sale in Dudley Street, GRIMSBY, Lincolnshire, DN31 — £70,000 • 4 bed • 3 bath
3 bedroom terraced house for sale in Weelsby Street, Grimsby, Lincolnshire, DN32 — £48,000 • 3 bed • 1 bath • 840 ft²
2 bedroom property for sale in Oxford Street, Cleethorpes, Lincoln, Lincolnshire, DN35 8RE, DN35 — £125,000 • 2 bed • 2 bath • 453 ft²
3 bedroom terraced house for sale in Weelsby Street, Grimsby, Lincoln, Lincolnshire, DN32 7PF, DN32 — £48,000 • 3 bed • 1 bath • 840 ft²
House of multiple occupation for sale in Dudley Street, Grimsby, Lincolnshire, DN31 2AW, DN31 — £70,000 • 1 bed • 1 bath
